Education Loan : Above Rs. 7.50 Lacs

Loan Application to be signed by Borrower and Co-Borrowers (Both Parents).

Telephone / Mobile Nos./e-mail address be mentioned in the Application.

Photocopy of PAN NO. of student, Co. Borrowers (Parents) & Guarantors where applicable.

Residence Proof of Co-Borrowers (Parents) and Guarantors.

Proof of Residence Ownership of Co-Borrowers and Guarantors whether Self / Spouse /Parental / Lease / Rented.

Proof of Education Qualification of Borrower (Student).

Proof of previous work experience of the Borrower (Student) if any.

Proof of length of Service / Business activity of the Co-Borrowers.

PAN card of the student

Income Proof of Co-Borrowers and Guarantors as per applicability in the case. ITRs for 3 years where applicable.

Latest Month Salary Slip of Co-Borrowers and Guarantors duly verified by Employer.

Bank Statements of Salary Account / Account mentioned in ITRs of Co-Borrowers and Guarantors for the last 6 months (PNB) and 12 months for Other Banks be submitted.

Relationship of Borrower / Co-Borrowers with PNB be informed in Years if any.

Bank Statement of existing Loan Accounts of Borrower Co-Borrowers and Guarantors since beginning From PNB / Other Bank / FIs.

Proof of Assets and Liabilities of the Co-Borrowers / Guarantors be submitted.

Affidavit/undertaking from Borrower and Co-Borrowers for the existing loans availed by him / her from any Bank /FIs, if availed, to undertake that the repayment is being done regularly.

Proof of Admission taken in the desired Institute.

Prospectus of the Institute having full detail of all Expenses / Fee etc.

Full detail of proposed Security / Guarantee offered be informed as per scheme.

If IP is offered as Collateral Security then photocopies of Chain of Title Deeds and Approved Plan be submitted and also ensure that construction have been made as per Plan Approved by the Competent Authority.

NEC with Certified copies of Title Deeds from Sub-Registrar’s office, and Valuation Report will be obtained by the HUB approved Advocate and Architect at the cost of Borrowers if required.

Sources of meeting Margin Money Requirement be informed.

Proof of Fee already paid if any through attested photocopies.